Karen Kwok

Pavel Durov, the Russian-born founder of messaging app Telegram, was arrested in France as part of an investigation into cyber crimes.

Pavel Durov has some taxing problems. For one thing, the founder of messaging app Telegram is now unable to leave France after domestic prosecutors charged him with allowing his platform to be used for money laundering and child sexual abuse material. In comparison the question of how his enterprise can make money might seem trifling, but it’s arguably just as tricky.

What do a huge Gen Z gathering in Hungary, the world’s largest heavy metal festival in Germany, the Sonar dance music shindig in Barcelona and a daytime-focused experience in rural Lincolnshire offering music, comedy, workshops and wellness have in common? They’re all part of an 80-strong live experience empire owned by Superstruct Entertainment. And following a 1.3 billion euro ($1.4 billion) dea

LONDON (Reuters Breakingviews) - Jakob Stausholm is not practising what he preaches. A few months after opining that deals only make sense if

Fintech bankers spend a lot of time talking about Nubank . The $70 billion Brazilian financial group has become the go-to valuation benchmark for a host of digital “neobank” players keen to become publicly listed companies. For the likes of Revolut, Chime and Monzo there's just one catch: as listed comparisons go, Nubank leaves something to be desired.

Saudi Arabia’s big shindig is getting bigger. About 4,000 delegates showed up for the desert kingdom’s first Future Investment Initiative in 2017. This year’s gathering attracted twice that number, suggesting that the country’s Vision 2030 project to shed its historical dependence on oil has gained some traction.

Computer chip equipment maker ASML on Nov. 14 said the company's sales growth would average 8% to 14% over the coming five years.

Amcor’s $8.4 billion purchase of U.S. rival Berry Global may test the limits of packaging M&A. The all-share deal revealed on Tuesday involves a paper-thin premium, low valuation and plenty of cost savings. But the Swiss-based acquirer’s investors have showed little enthusiasm for the deal, with its shares declining 3% on the day. The target’s debt and sluggish business may explain why.

“It may sound strange, but I think I was born to realise ASI,” SoftBank Group CEO Masayoshi Son told shareholders in June, referring to his acronym for artificial super intelligence – a future computing technology that he believes will be 10,000 times smarter than humans. It’s not a new theme for the 67-year-old. Son has repeatedly mentioned artificial intelligence in earnings calls going back at least far as 2010, according to a Breakingviews search of an LSEG database. It’s arguably surprising, then, that SoftBank sold its Nvidia shares too early and now seems late to the party with OpenAI. The risk is that Son overcorrects to make up for lost time.

Mike Henry will take another crack at buying Anglo American – with a partner. The BHP boss’s previous attempt to buy his smaller rival to become the world’s top copper miner failed in May due in part to his proposal’s complex structure and in part to his unwillingness to pay a big premium. The six-month cooling-off period imposed by UK takeover rules expired at the end of November. But recent developments make another solo attempt even harder to pull off, increasing the appeal of shouldering the burden with rivals.